USA

US beef could beat 17-years old record production

Products

An ISU livestock economist expects record U.S. production for beef, pork and poultry in his forecast for 2019.

Posted on Jan 11 ,04:19

US beef could beat 17-years old record production

US poultry, pork and beef could set new record production this year, according to a professor and livestock markets specialist from the Iowa State University (ISU), reports ISU news service.
Demand for US poultry and livestock is going to be high and only trade tensions could seed some uncertainties for the producers, explained Lee Schulz.
Pork and poultry sectors are poised for another record year, the seventh consecutive record year for poultry and the fifth consecutive year for pork, according to professor Schulz.
"Going forward as we look at 2019, pork exports are expected up 8%. That could be much higher or much lower, really, depending on sales to China and Mexico", he declared.
On the other hand, beef production could overpass the record established in 2002. "Beef producers have expanded aggressively the last several years. This year should beat the record beef production set in 2002", he added.
In his opinion, prices are going to stay at the same level as in 2018, but strong competition and large supplies could lead to a decrease in prices, especially in the domestic market.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

Scotland

Scottish red meat sector takes steps to defend its image

People working in every area of the Scottish red meat industry were urged to rally behind a raft ...


Read more Read more

FAO: The current food systems do not work

Hunger, obesity and other forms of malnutrition will continue to increase if there is no deep cha...


Read more Read more
International

Salmon competed by alternative proteins in the established markets

Salmon have seen an increased demand in the global market as it was promoted as a healthy and sus...


Read more Read more
Websolutions by Angular Software and SpiderClass